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For each of the following items,determine whether it would be more appropriate to increase A)manufacturing overhead or B)work in process inventory.Enter either the letter A or the letter B on the line in front of each statement.
____ Indirect materials used
____ Direct materials used
____ Indirect labor used
____ Direct labor used
____ Plant utilities
Recorded Equity
The total amount of owners' equity recorded in the financial statements, representing the residual interest in the assets of a company after deducting liabilities.
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